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to overtown the punishment facing overtown the punishment facing penn state after the scandal.ye. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the wer of the "name your price" tool. only from progressive. >>gregg: the governor of pennsylvania is accusing the ncaa of illegally penalizing penn state over the sex abuse scandal fining the university $60 million after an independent report found top officials ignored abuse allegations against the football coach jerry sandusky who now is in prison after a jury convicted him of sexually abusing ten young boys. in some cases the abuse happened on the penn state campus. but the governor of pennsylvania says the fine and other punishments like a bowl ban and the deletion of wins from 1998 to 2011, punish the wrong people. >> these sanctions did not punish sandusky. nor did they punish the others who have been criminally charged. rather, they pun
to sue the ncaa over sanctions from penns from penn pennstate from the jerry sandusky child sex abuse scandal. >>> "the telegraph" talk about a man swept into sea, william's helicopter turned back after battling 50 mooil-mile-an-hour winds. >>> "the new york times" says north korean leader king >>> a frosty start to the day. some of the temperatures into the 20s and the 30s in the valleys. 28 in fairfield. 29 in concord. 27 degrees in santa rosa. frost even inside the bay this morning. this afternoon, highs running up in the 50s. maybe 57 in san jose. 53 in san francisco. and 52 degrees in concord. next couple of days, cold mornings, cool days ahead. >>> she attended one of new york city's top private schools. he went to harvard. now they're accused of collecting bomb-making tools including a powerful explosive. >> it's extremely potent, which is one of the reasons why it's so appealing for terrorists to use. >> this morning we'll look at the charges against the couple. >>> and the faa orders inspections for dozens of older airliners, three years after a s
penn life insurance company and i'm here today to talk with some of their insurance representatives about their guaranteed acceptance life insurance. that was a really good point. hi, alex. hi, everyone. i thought it'd be interesting to hear from you what your customers say are some of the things they like best about colonial penn's whole life insurance. who's gonna start? well, it's guaranteed acceptance for people over age 50. they don't have to take a physical or answer any health questions. and it gives them peace of mind knowing that their family has some insurance to help cover funeral costs. and other final expenses. great point, and that's something everybody needs to plan for, especially in this economy. it costs just $9.95 a month per unit. it's an affordable way to provide protection for loved ones. yes, and that rate never goes up. and their coverage never goes down because of their age. they can get permanent insurance at a price that fits into their budget. alex: do you want to help protect your loved ones from the burden of final expenses? if
of pennsylvania suing the ncaa for penalties it imposed on penn state for the child sex abuse scandal. details next. plus, a homeowner catches a thief stealing stuff from his house by spotting him from an airplane. that's ahead on "the fox report." >> pennsylvania governor tom corbett suing the ncaa for what he calls harsh sanctions against penn state. following the school's child rape sandal scandal. the ncaa fines the university $60 million after a report found top officials basically ignored abuse accusations against former football coach jerry sandusky. a jury convicted him of sexually abusing boys for 10 years. some of that happened at penn state athletic facilities. a judge sentenced sandusky to 30 to 60 years in prison. the ncaa also banned the football team for from bowl games for the next four years and took away its wins from 1998 to 2011. governor corbett claims the ncaa had no business imposing those punishments. his lawsuit aims to pull 00 the penalties. penn state has already paid $12 million of that fine. jonathan hunt live in our new york newsroom now. the governor was highly c
developments in the penn state scandal, why the pennsylvania governor is taking the ncaa to court and why state and federal lawmakers are backing him up. bill: we've been told that al-qaida shinmoedake on its heels, the president said that. apparently they didn't get the bounty. the chilling new threat against one of our diplomats serving overseas. bill: there's been a lot of indecision in washington during the month of december. now that the dole has been cut the markets react. big move on monday during new year's eve and a big move today. markets were closerred yesterday. we are waiting on this. that is the first reaction from investors up 263, on the dow 30. if your 401k is loaded up, it's got a little more fire power today. watching that 263 the up side already. arthel: bill, chilling developments in the middle east, we are are tracking new reports that al-qaida is now offering a bounty for the murder of the u.s. ambassador to yemen. pete peter doocy is live. >> reporter: al-qaida in the arabian peninsula says they award anyone who a nass natures with three kilos of gold. that in english tr
in federal court. over the stiff sanctions filed on penn state. it included a $60 million fine. governor tom corbett is expected to announce the specifics of the lawsuit today. penn state is not part of that lawsuit. >>> up next, your wednesday morning weather. and in sports, a monster hit turns the tide in the outback bowl. that and more college ball highlights when we come back. that and more college ball highlights when we come back. ever. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these challenges, do you want to back away or take charge? with a degree in the field of healthcare or nursing from capella university, you'll have the knowledge to advance your career while making a difference in the lives of patients. let's get started at capella.edu. >>> here's a look at the weather >>> here's a look at the weather in some cities around the country. partly sunny in miami, 79. clouds and sun in chicago, 28. partly sunny in dallas, 47. mostly sunny in l.a., 68 degrees. >>> let's check your national forecast. the storm system stalled o
to sue over sanctions against penn state. the sanctions imposed because of the jerry sandusky sex abuse scandal. >>> britain's telegraph reports that williams' helicopter was searching for a man. they had to turn back due to the high winds. >>> it was part of a major policy statement he made on new year's day. some analysts see it as kim's effo >>> she attended one of new york city's top private schools. he went to hall vard. now they're accused of collecting bomb-making tools including a powerful explosive it's extremely potent which is one of the reasons why it's so appealing for terrorists. >> this morning we'll look at the charges against the couple. >>> and the faa ordered inspections for dozens of older airliners three years after southwest 747 landed with a hole in a roof. we'll ask peter greenberg if any planes out there are too old to fly on "cbs this morning." this cold season, nasal congestion won't stop me. i made the clear choice. claritin-d. decongestant products on the shelf can take hours to start working. claritin-d starts to work in just 30 minutes. power through nasal
governor tom corbett says that the punishment stemming from the penn state child rape scandal are, quote, illegal and he says is he going to sue. the issue here is how the ncaa plans to spend the $60 million it find the university. a jury convicted former football coach jerry sandusky for abusing a number of young boys over a long time. in some cases the abuse happened at penn state athletic facilities. the ncaa slapping the school with a record fine and banning the football team from bowl games for four years, among other things. governor corbett reportedly filed the lawsuit after the ncaa announced that only about a quarter of the $60 million fined will be used for sexual abuse prevention in the state of pennsylvania. children who survived the deadly school shooting in newtown, connect did you connect are set to return on thursday. they will not be heading to sandy hook elementary school where the gunman opened fire a middle school school building with 60 miles await a minute we are learning the crews have literally recreated the classrooms from sandy hook with the same pictures on the
that says a few extra pounds could add years to your life. i like it. >>> a tis in the penn state (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful >>> 6:15 now. this morning, pennsylvania's governor will file a federal lawsuit challenging the nca
sued today to overturn n.c.a.a. sanctions against penn state university. the sanctions followed the scandal over sexual abuse of children by a former penn state football coach, jerry sandusky. he's now in prison. corbett asked a federal court to throw out all of the penalties against the school, including a $60 million fine, a four-year ban on bowl games and a loss of athletic scholarships. >> a handful of top n.c.a.a. officials simply inserted themselves into an issue they had no authority to police under their own bylaws, and one that was clearly being handled by the justice system. they used penn state's tarnished public image as an opportunity to force the university to endure harsh, unjustified, and unprecedented punishments. >> sreenivasan: in response, the n.c.a.a. said the lawsuit is an affront to sandusky's victims and has no merit. those are some of the day's major stories. now, back to jeff. >> brown: in pakistan today, hundreds turned out to bury seven aid workers who were killed yesterday. it happened in the northwest part of the country, some 75 miles from the capi
larry can afford it. i know. that's why i'm glad i got a policy through the colonial penn program. do you think they have coverage for me... something that'll fit into my budget? yes. you can get permanent coverage for less than 35 cents a day. if you're between 50 and 85, your acceptance is guaranteed. you won't have to take a physical or answer any health questions. plus, your costs will never go up and your coverage will never go down. i'm going to give them a call. if you're between 50 and 85, then you should call about the colonial penn program now. for less than 35 cents a day you can get affordable life insurance with guaranteed acceptance. there are no health questions or medical exam. you cannot be turned down because of your health. so, whether you're getting new insurance or supplementing coverage you already have call about the colonial penn program, and ask one of their representatives about a plan that meets your needs. i've put this off long enough. i'm definitely gonna call about the colonial penn program. "this is george. he is a good little monkey and always very
the a lawsuit over the ncaa over the stiff sanctions it imposed on penn state university in the wake of the jerry sandusky scandal. he's the former assistant football coach convicted of sexually abusing boys. the ncaa fined penn state $60 million, stripped the football program of 14 seasons of victories under the late head coach joe paterno. >>> it's a retreat for the connecticut attorney who sought to sue the state for $100 million over the school mass carry in newtown. the outcry against the potential lawsuit was so strong, he has withdrawn it. >> this is a horrible tragedy and if i offended anyone, i deeply apologize. >> he represents the parents of a 6-year-old student who survived the massacre. he may seek to file the suit at a later date. he'll join us on starting point at 8:00. >>> rescuers found themselves in trouble on an icy lake outside los angeles. a shredder oig slid out of control and into the water. several tried to pull him out, but many of them fell into water, too, and needed help. thankfully everyone got out okay. >>> and of course this is almost as much a part of
.m. metro rail and buses are running on a weekend schedule. the marc train will operate the penn and -- no service on the camden line. the virginia railway express is running on a holiday schedule as well. >>> the national archives is commemorating the 150th anniversary of one of the most important documents. the emancipation proclamation went on display yesterday. president lincoln issued it during the civil war. historians consider it a steppingstone to outlawing slavery. visitors lined up for a rare glimpse of the original document. >> amazing to see abraham lincoln's signature. >> very uplifting experience. it's a very important document. >> the emancipation proclamation will be on display until tomorrow. it's only available for public view several days each year because of its fragile condition. >>> news 4 continues right now at 5:00 a.m. >>> running out of time to make a deal. where neglect smagss stand at this hour as we edge closer to going over the fiscal cliff. >> the dream season continues for redskins fans after the team's big win over the cowboys. has them playoff bo
now, i've been representing the colonial penn life insurance company. hi, alex. hi, everyone. i thought it'd be interesting to hear from you what your customers say are some of the things they like best about colonial penn's whole life insurance. who's gonna start? well, it's guaranteed acceptance for people over age 50. they don't have to take a physical or answer any health questions. and it gives them peace of mind knowing that their family has some insurance to help cover funeral costs. and other final expenses. great point, and that's something everybody needs to plan for, especially in this economy. it costs just $9.95 a month per unit. it's an affordable way to provide protection for loved ones. yes, and that rate never goes up. and their coverage never goes down because of their age. they can get permanent insurance at a price that fits into their budget. alex: do you want to help protect your loved ones from the burden of final expenses? if you're between 50 and 85, you should call colonial penn now. for just $9.95 a month per unit you can get quality insurance that
to sue the ncaa over the jerry sandusky scandal at penn state university. the league handed down sanctions against penn state that included a $60 million fine to help pay for child abuse prevention programs. he says the league sanctions would only leave 25% of that money in his state. he wants all the money to go to pennsylvania's children's programs. >>> justin bieber is offering his condolences this morning to the family of a photographer killed what i trying to take pictures of the singer's sports -- killed while trying to take pictures of the singer's sports car yesterday after officer's pulled over justin bieber's white ferrari. the singer wasn't in the car. his friend was driving. the photographer had stopped to take pictures when he was hit by a car. >> i just came it pay -- i just came to pay my respects. he was just a great kid. some people will say another crazy paparazzo trying to make the money. actually he was not a paparazzo. he was just another kid from new mexico. >> bieber says in a statement that he hopes this tragedy will inspire new laws to protect the lives a
of the jerry sandusky scandal at penn state. the governor says he plans to sue over the sanctions the ncaa slapped on the school. that includes a fine. politicians don't like taxpayer money going to other states. >>> and a developing story from los angeles. a photographer taking pictures of justin bieber's ferrari has been killed in an accident. the car had been pulled over for a traffic stop. bieber was not inside at the time. the photographer was struck and killed by another car as he walked across a busy street after shooting the pictures. >>> if you're working at this time of night, maybe you had one of those emergency drinks that promise to give consumers the mental and physical edge. but "the new york times" says there's little scientific evidence to back up the claims. caffeine is the only ingredient with proven benefits. and researchers say you can get the same boost from coffee. >>> a major study finds a few extra pounds might be okay. people that were slightly overweight were at less risk of dying than people average weight. the findings were true, only, for those slightly, that'
on board to take pictures. >>> the ncaa will be sued for sanctions imposed on penn state during the sandusky child abuse sex scandal. tom kosh et will make -- corbett will make the announcement later. state and federal lawmakers object to the money being spent outside pennsylvania. >>> also making headlines this morning, same-sex marriage now legal in maryland. >>> on the eastern shore new year's day was also a wedding day for many couples. hear what two newlyweds are saying about the historic day. >>> now let's check in with tucker. >> we are waking up with some cloud cover out there and a leftover sprinkle or flurry. a little bit more sunshine in the forecast. i'll have details on your weather and guess who's back. you can hear her from here, julie wright. she's got your traffic right after the break. a front and finally we can see some clearing on the back side of it and we should gradually turn into a mostly sunny afternoon around here. i'm being careful with my words as we're going to have decent conditions for the next couple of days. highs today only about 40. it will
will announce a lawsuit over ncaa over stiff sanctions it impoetzed on penn state university, following the child sex abuse scandal involving the school's former assistant football coach jerry sandusky. the ncaa fined penn state $60 million and stripped the football program of 14 seasons of victories. >>> a fun new year's tradition with serious overtones, about 200 people took part in a polar plunge in north carolina, the event raised funds for a local charity and touched on the shooting tragedy in newtown, connecticut. the polar bears signed a large card to send to the town. >>> secretary of state hillary clinton is still in a new york hospital this morning after doctors discovered a blood clot between her brain and skull right behind her right ear. she's being treated with blood thinners and expected to be released after doctors set her medication dosage. her daughter chelsea tweeted a thank you to all for sending good thoughts my mom's way. grateful to all her doctors and that she'll make a full recovery. >>> four masked and armed robbers hit an apple store in central paris, making o
. the time is 4;22. we will be back with an update on the penn state scandal. >> good morning. welcome back. the time is 4:24. >> new fallout in the case against convicted child molester jerry sandusky. >> pennsylvania's governor says he will file a lawsuit against the in see the will a or the punishment against the estate. >> off the n.c.a.a. took away when to reduce college kids and temporarily banned the school from competing in the postseason because of how ministers to handle the sex scandal. >> survivors of a weakened bus crashed on or in highway are collecting their passports so they can return home to canada. >> police officers allow people to pick up their belongings which were strong across the hillside. >> sunday their tour bus crashed on an icy road. >> the red cross says a lot of the survivors are afraid to get on another bus. >> so a nearby car dealer offered vehicle to drive home. at least 14 people were still hospitalized in three states. the crash killed nine and injured 38 others. >> a connecticut lawyer has withdrawn his request to sue the state over the sandy hook elemen
again penn state university. you'll remember they were imposed after the jerry sandusky sex abuse case. >> people in colorado could ring in the new year at a new cannabis club, club 64, denver's first legal marijuana club is now open for business, although city attorneys are still checking on if this is technically legal because colorado legalized smoking pot at home, not in public. >> rhode island's legislature may take up same-sex marriage in 2013. just 11 out of 113 members of the state's general assembly are now republicans and leaders believe this new number could help them pass the legislation. >> in illinois the big issue on the table is pension reform. governor pat quinn called it the fiscal cliff for illinois. his office has released videos trying to drum up public support. he's helping a lame duck legislature will help him pass reform for university employees, judges and more. >> and if you read only one thing this morning, after traveling nearly a million miles as secretary of state, hillary clinton seemed almost super human. well, today my must read is from "the daily beast
no -- against penn state following the sandusky sex abuse scandal. they levied heavy sanctions against the university, including a $60 million fine. he said the sanctions are hurting curt students. the ncaa fired back saying the lawsuit lacking merit and called it an affront to all of the victims. >>> we got a rare glimpse today of -- who is is she? the wife of kim jong-un. this is a picture of them over the holidays. you can see her there in the purple sort of eggplant suit. north korean television say she accompanied her husband at a concert. there had been rumors she was pregnant or had fallen out of favor with north korean leaders. she tends to wear bright colors. >>> it has been 517 days since the united states lost its top credit rating. a despite dodging the cliff technically, the problem deficits increase with the deal and moody's reiterated today a downgrade from this is on horizon if congress does not come up with a long-term debt reduction plan. and that brings us to our fourth story "outfront," speaker in the hot seat. a message loud and clear to john boehner this week, do
's the way people are starting to challenge the ideology. but look at penn state and the tragedy and the conviction of jerry sandusky. i think already people are understanding how sexual abuse in children can be very, very damaging and they're taking greater lengths to protect children. also, all the various uprisings in the middle east from egypt to the tragedy still going on in syria, i think we're at a new place in the middle east where we have a younger generation that's using a new tool in the environment, technology -- during egypt's uprising, for instance, i was getting tweets and facebook posts from people. so i can imagine you being a cnn employee, trying to get to the american media to spread the word. so i think that the path we're on now, while it's still bloody and tragic might be a better path towards eventual peace in the middle east. i am not predicting it here for 2013, i think that's a big story. the last one i think is the gay marriage story. i think we're finally understanding you can't legislate love. but you can support love when it's there. i think people a
in connection with the jerry sandusky scandal. it has to do with sanctions the ncaa handed down to penn state university after the former assistant football coach was convicted of child molestization. the sanctions include a $60 million fine to help finance child abuse prevention programs. only 25% is earmarked for pennsylvania programs. corbett says all the money should go to the causes within the state. >>> well, justin bieber is calling for new laws to protect celebrities and photographers following a crash that killed a paparazzo. officers say the 29-year-old photog was snapping photos of bieber's white ferrari during a traffic stop in l.a. last night when another car hit him. police say bieber was not in his sports car at the time, but the singer said in a statement that he is praying for the family of the victim. >> i just came to pay my respects and becauses of a great kid. he was just a kid. i know some people will say, another crazy paparazzo trying to make the money. actually he was not a paparazzo. he was just another kid from new mexico. >> miley cyrus weighed in on the crash via
an endorsement from cal penn to be the person selected to take senator inouye's seat. >> she can be an answer to a trivia question. who is a representative-elect and never served a day in office and became senator. that's incredible. some day. jonathan, thank you so much. we appreciate that. that does it for this edition of andr"andrea mitchell reports." my colleague has a look at what's next on "news nation." what do you have, my friend. it never gets old. we miss you here. >> we miss being in d.c. happy holidays. in a few hours, president obama will be leaving highway high early. he will be heading back to the fiscal cliff gridlock in d.c. house speaker john boehner has not called members back to the house in d.c. yet. just days ago he looked to avoid a fiscal cliff. will a deal get done? a newspaper under heavy criticism now for publishing the names of local gun permit legal local gun permit holders online. details on that are next on n "news nation." e reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dys
of lung cancer. >> i've had a wonderful experience here at penn state. i don't want to walk away bitter. >> here's what we know. the medical examiner said she did die in the bathtub. the toxicology tests may not come back for as long as two months. >> if you snapped off a jeremy lin number 17 jersey, hold on to it because it's a collector's item. >> he punched the heck out of that guy and slammed his face, there would be some mark on your hands. >> we're going to need authorities and medical units. >> the longest flight to vegave i've had. >> the record $500 million jackpot is sweeping the nation. >> we begin with the wildfire blazing across northern colorado, now stretching across 80 square miles. >> this was at the premiere of "the dark knight returns," that so many folks were lined up to see. but a mass shooting at this theater outside denver, colorado. >>> well, team usa still racking up the gold. you can call gabby douglas america's new golden girl after she won the women's all around gymnastics title. they call her the flying squirrel. >> the prosecution in the jerry sandusky case
over the stiff sanctions it imposed on penn state university, of course in the wake of the jerry sandusky scandal, the former assistant football coach convicted of sexually abusing all those boys. the ncaa fined penn state some $60 million, stripped the football program of 14 seasons of its victories under its late head coach, the legendary joe paterno. >>> a photographer was killed last night in los angeles trying to get a photo of justin bieber. police say the man snapped pictures of a parked sports car he thought was the pop star. the photographer was struck and killed while crossing a freeway to return to his own car. in a statement bieber said he was not in the sports vehicle but he sends his condolences to the victim's family. police have not yet released the photographer's name. >>> did you hear about the fact the guy was killed crossing the street and we were talking before the show, it's like here's a member of the paparazzi but at the same time so many people, they buy the magazines. >> that's exactly right. it's like anything like panning for gold or oil, people are go
got a policy through the colonial penn program. do you think they have coverage for me... you can get permanent coverage for less than 35 cents a day. you won't have to take a physical or answer any health questions. plus, your costs will never go up and your coverage will never go down. if you're between 50 and 85, for less than 35 cents a day. there are no health questions or medical exam. you cannot be turned down because of your health. so call about the colonial penn program, and ask one of their representatives about a plan that meets your needs. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. ♪ >> announcer: this is
penalties over penn state university with the sex abuse scandal saying the sanctions including a $60 million farm harm past, present, and future students there. the ncaa calls the lawsuit without merit. open house held today at a school for students who survivedded the massacre at sandy hook elementary school in newtown, connecticut last month. classes begin tomorrow at a former middle school nearby where workers and teachers have been painting and preparing classrooms. prosecutors and defense attorneys in the colorado shooting case say they are ready for key hearing next week when prosecutors outline the case against james holmes charged with killing 12 and wounded dozens of others in a movie theater in a denver suburb last july. the judge will decide if there's evidence to put holmes on trail. that's a look at headlines making news this hour. back to you. >> uma, thank you so much. fiscal cliff deal reached by congress delays across the board cuts by two months, but the next guest say it's no free ride for defense stocks. the executive director and senior analyst, thanks so much for joinin
-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mounting of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left sanford, florida, in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claimed self-defense in a case that sparked international outrage, and ignited racial tensions. the trial is set for june. number two -- >> we need rescue inside the auditorium, multiple victims. >> i've got seven down in theater nine, seven down. >> july 20th, just past midnight, terror inside theater nine. >> aurora, colorado, nine miles east of denver, there's been a mass shooting at a movie theater. >> prosecutors say james holmes donned protective gear, threw tear gas and began firing. in the end, 12 people killed, 58 others wounded. holmes faces 152 charges. many victims continue to recover while others will
mccall is the president of penn financial group. he jones us now live. how serious is this? >> it is extremely serious, gregg. we're seeing numbers backdating going back to november. what we haven't seen yet, we won't see until january the effect of the uncertainty of fiscal cliff and potential of falling off the fiscal cliff will have on the economy and have on consumers and potentially lead us back into as you mentioned what a lot of economists believe, another recession. gregg: what happens when fourth quarter earnings come out? >> nobody is really talking about this. companies, fourth quarter ends in a few days from now. we haven't had many warnings come from companies but when you see consumer confidence falling, mastercard came out with their numbers on holiday sales only increasing .7%. well below estimates and historical averages and consumer is 70% of the economy we'll see a wave of corporations come out earnings in middle of january, end of january, come out much lower than expectations. as senator corker talked about today, the markets have held up very well thro
. matt mccall is president of penn financial group llc. the irs is today notifying employers on how much they will have to withhold from their employees' checks. let's go through each and every one of these tax increases if there is no deal, and we dive off the cliff. let's begin with the first one. marginal income tax rates ric rice for nearly everybody in america. >> over 90% of americans will be hit with higher taxes, and everybody talks about the wealthy getting hit the hardest. what i find fascinating is two-thirds of americans that make less than $20,000 a year will get hit with higher tax rates which will equal a gain of close to $600 more per year in taxes. if you're making let's say $18,000 you could get hit with $600 more in taxes. it doesn't sound like a lot to a lot of people but that takes a huge chunk out of putting food on the table and getting clothes for your children. it's a big deal. gregg: estate taxes will rice from 35% on 5 million or more to 55% on 1 million or more. >> you know this really affects a lot of people in the middle of america who have farms. if you hav
's a good thing you had life insurance through the colonial penn program. you're right. it was affordable, and we were guaranteed acceptance. guaranteed acceptance? it means you can't be turned down because of your health. you don't have to take a physical or answer any health questions. well, how do you know? did you speak to alex trebek? because i have a policy myself. it costs just $9.95 a month per unit. it's perfect for my budget. affordable coverage and guaranteed acceptance? we should give them a call. do you want to help protect your loved ones from the burden of final expenses? if you're between 50 and 85, you can get quality insurance that does not require any health questions or a medical exam. your rate of $9.95 a month per unit will never increase and your coverage will never decrease. so call now and ask one of their representatives about a plan that meets your needs. go call now! we'll finish up here. oh it's clearance time! yeah, our low prices are even lower. we need to teach her how to walk. she is taking up valuable cart space. aren't you, honey? [ male announcer ] it
for what it considers illegal sanctions against penn state university. the governor says he'll reveal more details at a news conference schedule for tomorrow morning. the ncaa filed sanctions against the university in the wake of the jerry sandusky sex abuse scandal. and take a look at this dramatic video. it's a number of people falling through a partially frozen lake in california. they were all trying to rescue a sledder who fell in before them. eventually, and thankfully, everyone was pulled to safety. our affiliate stations report the lake will be closed until march as a result of the near tragedy if very lucky that everybody got out okay. >> they certainly are. pretty dramatic video. mary, thank you. >>> we're keeping a very close eye on capitol hill right now. the house of representatives may, repeat, may vote on the fiscal cliff tonight. we're watching it. the ramifications for all of us, enormous. >>> also ahead, some same-sex couples are ringing in the new year with wedding bells. gay marriage now legal in the state of maryland. >>> many americans are ringing in the new year with
character. >> no "mystic river" sean penn character? >> no, he wasn't named after anybody. >> somebody has to ask, if did you fire the person who looked after your dog? >> oh, god, no, these are honest mistakes. no, who would do that? >> i'm curious to know if you have any leads. you said the response has been tremendous, obviously you haven't found the dog but has anybody even spotted tessa? >> there have been some spottings but they turned out to be, it's fascinating they turned out to be false. there was several spottings and it turned out to be of all things a raccoon. >> which isn't going to get you written into anything. >> no. >> since we got pictures of tessa, we're consumed with becoming famous in one of your books in your movie. tessa no tags but tessa has a microchip. if somebody's looking for tessa. >> she is super fast. she's very, very sweet but she's also wary. she was a rescue dog, taken off the streets so she's going to be a little wary, skittish, so don't chase her and if you see her, contact any of the numbers that have been left or any of the websites, and we will get t
of sexual abuse. former penn state assistant coach jerry sandusky sentenced to at least 30 years behind bars for sexually abusing young boys. the late -- [inaudible] of the bbc accused of abusing girls he helped with his tv show, and the secret service gone wild as a dozen agents are implicated for hiring prostitutes during a presidential trip to colombia. a difficult year for business leaders as well. >> we made a mistake, i'm absolutely responsible -- in the chief executive of barclays steps down after allegedly manipulating interest rates. and a yahoo ceo resigning for falsifying academic credentials. but what could be more scandalous than the world of politics? jesse jackson jr. goes mia for several months, it's later discovered he's receiving treatment for bipolar depression. federal authorities are looking into whether jackson jr. was skimming campaign funds to remodel his house. the congressman later resigned. a beleaguered gsa accused of wasting your tax dollars, this worker raps about how he dreams of being the commissioner and wasting the government's money on cash bonuses to his f
with the ncaa stiff sanctions against penn state university in response to the jerry sandusky sex abuse scandal. the university agreed in july to pay a $60 million fine and that money goes to fund child abuse prevention grants nationwide. schools also banned from bowl games for four years. it has to reduce its football scholarship and give up 112 wins. we'll know more after governor corbett speaks but it seems pennsylvania lawmakers are most upset with word that that $60 million is going to out-of-state programs and not being allocated exclusively within pennsylvania. new york republican representative pete king is furious over house leadership cutting out without passing storm relief for victims of superstorm sandy. he's telling everyone exactly how he feels on fox this morning, representative king says anyone from new york or new jersey who gives a dime to congressional republicans is out of his or her mind. he says he plans to break rank with his party and vote on his own from now on and cnn says that he went so far as to n
dream of jeannie." and joe paterno was sullied by the child sex abuse scandal at penn state that broke just before his death in january. etta james died in january 50 years after her version of "at last" became a must at millions of weddings. whitney houston died in february. ♪ i will always love you ♪ >> donna summer, in may. and some unique sounds fell silent, too, those are marvin hamlisch, dave brubeck, whose "take five" remains recognizable to grandchildren and grandparents, and doc watson, the man who brought bluegrass music millions despite a lifetime of blindness. >> the time has come to begin the healing. >> former senator george mcgovern who lost in a record landslide to richard nixon in the 1972 presidential election died, and hawaiian senator daniel inouye who served in the senate and the army in world war ii because as a japanese american he thought it his only way to prove his loyalty to america. >> and just in the last week, jack klugman and charles durning. you've heard of 3-d ultrasound, and now there's 3-d mammogr >> in this morning's medical alert, a new study fi
? >> reporter: 2012, one of the most infamous cases of sexual abuse. former penn state assistant coach jerry sandusky sentenced to at least 30 years behind bars for sexually abusing young boys. the pbc accused of abusing girls, and the secret service gone wild as a dozen agents are implicated for hiring prostitutes during a presidential trip to colombia. a difficult year for business leaders as well. >> we made a mistake. i'm absolutely responsible. >> reporter: the chief executive of barclays, bob diamond, steps down after allegedly manipulating interest rates. and a yahoo! ceo' signing for -- resigning for falsifying academic credentials. but what could be more scandalous than the world of politics? jesse jackson jr. goes mia for several months, it's later discovered he's receiving treatment for bipolar depression. federal authorities are looking into whether jackson jr. was skimming campaign funds to remodel his house. the congressman later resigned. a beleaguered gsa accused of wasting your tax dollars, this worker raps about how he dreams of being the commissioner and wasting the govern
conference is scheduled this morning to announce the filing in u.s. district court. last june former penn state assistant coach jerry sandusky was convicted of sexually abusing ten boys. in july, the university agreed to a $60 million fine to be used to finance child abuse prevention grants across the country. state and federal lawmaker have raised objections to the money being spent outside of the state of pennsylvania. >>> when we come back, we'll make our first trip to chairs in 2013. the stories that we're squawking about to start the new year after this. >>> before we do that, before we head to break, check out the early action in europe. this is a good indication of what you'll see here this morning. u.s. futures are sharply higher, same story over in europe. right now the cac in france up 2.2%. similar gains in germany and in london. we'll see more when we come right back. at farmers, we make you smarter about insurance. because what you don't know can hurt you. what if you didn't know that boxes by the curb... make you a target for thieves? or that dog bites account for a third of
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